Lagos oil field operator; Folawiyo Petroleum’s MD indentifies PIGB’s flaws

The CEO of Yinka Folawiyo Petroleum Company Limited; operator of the Aje field, offshore Lagos, has identified gaps in the Petroleum Industry Governance Bill...

Shell lifts force majeure on Bonny Light exports

Shell Petroleum Development Company of Nigeria (SPDC), Thursday, lifted force majeure on Bonny Light exports, thus signalling the official restart of export of the...

Kachikwu tasks SAIPEM on investment in exploration, production

The Minister of State for Petroleum, Dr. Ibe Kachikwu, at the 50th anniversary celebration of SAIPEM in Lagos, tasked the company on actively investing...

Agip forges ahead with plans for 150,000bpd refinery

The Nigerian Agip Oil Company (NAOC), a subsidiary of Italian oil major, Eni, said it had begun feasibility studies for the construction of a...

Balanced global oil market in sight – Barkindo

OPEC Secretary-General Mohammad Barkindo said there is no doubt that following efforts by global oil producers to curb production, the oil market is rebalancing,...

Nigerian crude diffs slips as higher output, U.S. oil exports weigh in

Nigerian crude differentials looked to be weakening on Wednesday, pressured by ample competing supplies and the prospect of higher Nigerian exports, Reuters reports. Forcados was...

Kachikwu, Baru hold meeting with Osinbajo

The Minister of State for Petroleum, Ibe Kachikwu, and the Group Managing Director of the NNPC, Maikanti Baru, on Wednesday held a closed door...

Strategic development plan will boost Nigeria’s gas sector development – NLNG MD

The Managing Director of Nigeria LNG Limited (NLNG), Tony Attah, at the recently concluded Nigerian Economic Summit in Abuja, said that a long term...

Petrol price increased marginally in September – NBS

The National Bureau of Statistics (NBS), has disclosed that the average price paid by customers for premium motor spirit (PMS), otherwise known as petrol,...

NNPC set for aggressive gas sector development – Baru

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Kacalla Baru, has stated that the Federal Government has mandated the...

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